Development of
Seoul International Complex

There is a need for Urban Regeneration Plans to improve the existing infrastructure in the southeastern region

Development of Seoul International Complex(Background)
  • To prepare for periods of low-growth and create jobs now and in the future
    • Seoul’s growth engine has weakened due to the aging of its population, the low birth rate, and continued job insecurity among young people.
    • There is a strong need to enhance the global competitiveness of the southeastern region, one of Seoul’s three city centers.
  • To grow into a hub of international affairs by realizing the potential of the southeastern region
    • Business facilities are located around Teheran-ro and Gangnam-daero with sufficient transportation infrastructure, including subways and highways.
    • There are many places for leisure and culture, such as waterside areas around the Hangang River and Tancheon Stream close to the city center, as well as Jamsil Sports Complex.
  • The area from COEX to Jamsil Sports Complex has emerged as a desirable location for the “International Affairs and MICE Initiative” and a site with potential for large-scale development.
    • There is a considerable strategic potential for the 120,000 ㎡ of land area (the site of Hyundai Motors GBC).
    • There have been significant accessibility improvements through transportation infrastructure on the local and national level.
  • There is a need for Urban Regeneration Plans to improve the existing infrastructure in the southeastern region.
    • COEX lacks exhibition and convention facilities accommodating more than 10,000 people
    • Jamsil Sports Complex is increasingly dilapidated (now 30 years old) and requires maintenance costs of ten billion won every year.